Vaughan Peters
06/03/2024 · Middle School
A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at \( \$ 11 \) the average attendance has been 19000 . When the price dropped to \( \$ 8 \), the average attendance rose to 24000 . Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? \( \$ \)
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The ticket price that maximizes revenue is $11.20.
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